Wholesale used vehicle prices (on a mix-, mileage-, and seasonally adjusted basis) decreased 0.59% month over month in December. This brought the Manheim Used Vehicle Value Index to 161.1, a 14.2% increase from a year ago. Manheim Market Report (MMR)…
Cox Automotive Chief Economist Jonathan Smoke and our Industry Insights team hosted a special webcast – “Cox Automotive Industry Insights 2021” – today, January 8, at 11 a.m. EST. The focus of our event was a review of both the new- and used-vehicle markets…
Bloomberg, Jan. 6, 2021 – Pandemic lockdowns have cost millions oflow-income Americans their jobs, while white-collar types whowork from home are flush with cash they can’t spend on dining ortravel. Instead, many of them are buying expensive cars.High-end trucks and…
Our Chief Economist Jonathan Smoke joins us once again from his home studio in Atlanta, GA, with the latest on the impacts of COVID-19 on the automotive industry. The latest on COVID-19’s nationwide impact Continuing jobless claims and impacts by…
Good riddance, 2020! We’re closing the books on auto sales this week, and we’re glad to have our pandemic year in the rearview mirror. Our team is forecasting sales to end near 14.4 million, down roughly 15% compared to 2019…
December auto sales will be in the books by the end of the week, and industry observers will have a clear view of how individual automakers performed in 2020. One thing we do know for certain, the market in December…
ATLANTA, Jan. 5, 2021 – Cox Automotive has acquired Fyusion, a computer vision company and leader in immersive vehicle imaging solutions for automotive and other industries. This acquisition will deepen the collaboration between Manheim and Fyusion, which have worked together for years to…
ATLANTA and INDIANAPOLIS, Jan. 5, 2021 – Cox Automotive today announced the acquisition of Dickinson Fleet Services, the leading mobile maintenance provider for medium and heavy-duty trucks and trailers in North America. This investment significantly bolsters the capabilities and geographic…
The last two weeks of December provided several key data points for November that revealed declining momentum in the economy. The holiday weeks also provided updated readings on consumer sentiment and confidence that did not indicate improving trends in the…
Our Chief Economist Jonathan Smoke joins us once again from his home studio in Atlanta, GA, with the latest on the impacts of COVID-19 on the automotive industry. The latest on COVID-19’s nationwide impact Continuing jobless claims and impacts by…
